1847 Holdings LLC Faces Potential Delisting from NYSE

1847 Holdings LLC (NYSE American:EFSH), a management consulting services firm, disclosed today that it faces potential delisting from the NYSE American exchange. The company, incorporated in Delaware, received a notification from NYSE Regulation on April 3, 2025, stating that its common shares are subject to delisting due to non-compliance with the exchange’s continued listing standards, specifically the low selling price of its shares. InvestingPro subscribers can access comprehensive delisting risk assessments and real-time alerts for similar situations through the platform’s advanced stock screening tools.

The company has requested a review of the delisting decision, which is scheduled for June 5, 2025. Until the review is completed, trading of 1847 Holdings LLC’s common shares on the NYSE American will remain suspended. If the delisting determination is upheld following the review, NYSE American will submit a Form 25 with the U.S. Securities and Exchange Commission to formally delist the common shares. The deregistration under Section 12(b) of the Act would become effective 90 days after the filing of the Form 25, or sooner if determined by the SEC.

This announcement comes following the suspension of trading of the company’s common shares on April 3, 2025, the same day the notification was received. The company’s management is actively engaged in addressing the exchange’s concerns and is preparing for the upcoming hearing.

The information provided in this article is based on a press release statement from 1847 Holdings LLC. Investors and stakeholders are awaiting the outcome of the review, which will determine the future trading status of the company’s common shares on the NYSE American exchange.

In other recent news, 1847 Holdings LLC has finalized an amendment to its purchase agreement for CMD Companies, waiving the working capital adjustment provision. This amendment, part of a stock and membership interest purchase agreement, was originally signed in November 2024, with the acquisition finalized in December 2024 for $18.75 million. The company is also facing a potential delisting from the NYSE American exchange due to low share prices, with trading currently suspended as they seek a review of the decision. Additionally, 1847 Holdings has expanded its authorized common shares from 500 million to 2 billion, following a special shareholder meeting. This move aims to provide greater flexibility for future corporate needs and includes an increase in shares reserved under the 2023 Equity Incentive Plan to 5 million. The company is also in preliminary talks to sell its cabinetry subsidiary, CMD Inc., after receiving interest from a third party, though no definitive agreement has been reached. These developments highlight significant strategic moves by 1847 Holdings in recent times.

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